Hofstede (1980) presented a statistical analysis of about 117,000 questionnaires collected in 1967 and 1973 from employees working in IBM subsidiaries in 40 different countries. The most important result of this analysis was a theoretical formulation of value dimensions for representing differences among national cultures, among them ______.
a. family orientation
b. self-efficacy
*c. uncertainty avoidance
d. optimism
*c. uncertainty avoidance
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What situations could cause a decrease in the current ratio, but an increase in the acid-test ratio? If this happens, is management to be commended or is a problem evident? Explain
Making a loan to another party is considered an investing activity on the statement of cash flows.
Answer the following statement true (T) or false (F)
What makes the difference between good decisions and bad decisions?
A) A good decision is based on logic. B) A good decision considers all available data. C) A good decision considers all alternatives. D) A good decision applies quantitative approaches. E) All of the above
Which of the following cultural characteristics should be kept in mind when doing business in Arab countries?
A. Destiny depends on the behavior of individuals. B. It is necessary to bring an expensive gift for Arab businesspeople. C. Mutual respect is required at all times. D. Social status is largely determined by accomplishments.